Financial Services
JPM
JPMorgan Chase & Co.
Generate steady income from JPMorgan (JPM) with covered calls and cash secured puts. Strong dividend plus premium for reliable income.
Monthly Premium1.0-1.8%
Annualized Return12-22%
Stock Price$195-215
IV RankLow-Moderate (25-40)
Options LiquidityExcellent
Dividend Yield2.2%
Why JPM for Covered Calls & Cash Secured Puts?
JPM is the gold standard for financial sector income investing. Strong dividend yield combined with option premium creates attractive total returns. The bank has proven resilience through multiple economic cycles.
Example Covered Call Trade
JPMCovered Call
Strike Price$215 (5% OTM)
Expiration30 days
Premium$3.00 per share
Return If Flat1.5% ($300)
Return If Called6.3% ($1,300) + dividend
Keep Probability72% keep shares
Recommended Strategy for JPM
Sell conservative calls 4-6% OTM to supplement the dividend. JPM works great for the wheel strategy, buying on dips via CSPs. Target ex-dividend dates strategically.
Risks to Consider
- Interest rate sensitivity
- Economic recession impact
- Credit losses in downturns
- Regulatory capital requirements
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